Welcome to the IARDTM Web site. This site will provide investment adviser firms and representatives with a variety of information about the IARD system. The Investment Adviser Registration Depository (IARD) is an electronic filing system that facilitates investment adviser registration, regulatory review, and the public disclosure information of investment adviser firms. FINRA is the developer and operator of the IARD system. The system has been developed according to the requirements of its sponsors, the Securities and Exchange Commission (SEC) and the North American Securities Administrators Association (NASAA), along with those of an Industry Advisory Council representing the investment adviser firms.

Information geared to the investing public can be found on the SEC Web Site under the “Investor Information” section.

What’s New on IARD

Please look to this area of the home page on a frequent basis for regular updates, new information to the Site, and documents about how to use the IARD system. IARD is available from 7:00 a.m., ET, to 11:00 p.m., ET, Monday through Friday. IARD is not available on holidays in which FINRA is closed and is not available after 6:00 p.m., ET, on the business day immediately preceding some holidays. Please refer to the IARD system schedule for detailed weekend and holiday availability.

  • Final Renewal Statements

    If your firm has a balance due on its Final Renewal Statement, payment is due to FINRA by February 5, 2010. Please visit the Renewal Program Web page for detailed information on renewing your firm and representatives’ registrations for 2010.


  • SEC Sets IARD Firm System Processing Fees

    The SEC has approved IARD Firm System Processing Fees, effective January 1, 2010. For details of the fees, please view the IARD Firm System Processing Fees Web page.


  • Software Release 2009.4

    View an explanation of changes to IARD and Web CRD® which were implemented with Release 2009.4 on November 2, 2009.


  • Deadline For Form U4 Regulatory Action Questions

    NASAA reminds investment adviser firms that November 14, 2009, was the effective date for completion of the six regulatory action disclosure questions that were added to the Form U4 on May 18, 2009. Firms must have filed amended Forms U4 for all of their investment adviser representatives to provide answers to these new disclosure questions regarding willful violations. See NASAA’s Web site for additional details.

    For additional information regarding form filing requirements, contact the jurisdiction(s) in which your firm’s representatives are registered. For Web CRD and IARD system-related questions, visit FINRA's Forms U4 & U5 Changes Web page, which includes answers to frequently asked questions regarding the changes.


  • Michigan State Mandate

    The state of Michigan has replaced its current securities act with the new Uniform Securities Act 2008, PA551, effective October 1, 2009. Under the New Act, the state of Michigan will begin requiring the registration of investment adviser representatives (IAR) unless they are exempt from registration. Individuals will use Form U-4 through the CRD/IARD System to register IAR’s beginning November 1, 2009. Additional information and notices will be sent to Investment Adviser firms. Please refer to the state of Michigan’s Web site to review the act.


  • FINRA.org: Add to Safe-Sender Email List

    NASD and NYSE Member Regulation consolidated to form a single self-regulatory organization for the securities industry known as FINRA, the Financial Industry Regulatory Authority. FINRA is now the operator of the IARD system on behalf of the IARD program sponsors which are the SEC and NASAA. In order to ensure consistent delivery of FINRA emails to your inboxes, please add our email domain, FINRA.org to your firm's safe-sender list as soon as possible. If your email application requires you to enter individual email addresses to your safe-sender list in addition to, or in lieu of, an email domain, please add the following addresses:


  • SEC Hedge Fund Rule Update:

    Visit the SEC Web site for information on Staff Guidance for Interim Completion of Part 1A of Form ADV, Item 7.B. and Schedule D, Section 7.B.


  • Annual Updating Amendments for IA Firms Registered with the SEC

    • Reminder: An Investment Adviser that is registered with the SEC must submit its Annual Updating Amendment within 90 days of the firm’s fiscal year-end. For answers to frequently asked questions regarding the filing of an Annual Updating Amendment, please visit the SEC’s Web Site.

  • Attention Filers: If you are a currently state-registered IA firm that is changing from manual paper registration to electronic filing on the IARD system, an electronic Transition Filing should be completed and submitted before you begin to create your electronic Form ADV on IARD. You will not be able to transition your Notice Filing or state registration information if you first begin to create your electronic Form ADV because the system does not allow Transition Filings when you have an existing "Pending" Form ADV filing.

    For more information regarding Transition Filings: